TORONTO, Oct. 12, 2018 (GLOBE NEWSWIRE) -- Kuuhubb Inc. (“Kuuhubb” or the “Company”) (TSX-V: KUU) reports that
it continues to work towards closing the proposed €2,000,000 convertible debenture private placement financing (the “Proposed
Financing”) announced in the Company’s August 29, 2018 press release. The Company has received approval from the TSX Venture
Exchange (“TSX-V”) for a 30 day extension under the TSX-V’s rules to close the Proposed Financing. Closing of the Proposed
Financing remains subject to the execution of the definitive documentation.
About Kuuhubb
Kuuhubb is a company active in the digital space that focuses mainly on lifestyle and mobile game applications for the female
audience. Its strategy is to create sustainable shareholder value through acquisitions of proven, yet underappreciated,
assets with robust long-term growth potential. Headquartered in Helsinki, Finland, Kuuhubb has a global presence with a
strong focus on developing U.S. brand collaborations and Asian partnerships.
Cautionary Note Concerning Forward-Looking Information
This press release contains forward-looking information. All statements, other than statements of historical fact, that
address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future
(including, without limitation, statements relating to the closing of the Proposed Financing and the development and growth of the
Company’s business) are forward-looking information. This forward-looking information reflects the current expectations or
beliefs of the Company based on information currently available to the Company. Forward-looking information is subject to a
number of risks and uncertainties that may cause the actual results of the Company to differ materially from those discussed in the
forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that
they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to
differ materially from current expectations include, among other things, failure to execute the definitive documentation in respect
of, or complete, the Proposed Financing, the need to satisfy conditions precedent with respect to the Proposed
Financing, the possibility that the completion of the Proposed Financing may be delayed or that the terms of the Proposed Financing
may change, risks related to the growth strategy of the Company, the possibility that results from the Company’s growth and
development plans will not be consistent with the Company's expectations, the early stage of the Company's development, competition
from companies in a number of industries, the ability of the Company to manage expansion and integrate acquisitions into its
business, future business development of the Company and the other risks disclosed under the heading "Risk Factors" in the
Company's annual information form dated October 30, 2017 filed on SEDAR at www.sedar.com. Forward-looking information speaks
only as of the date on which it is provided and, except as may be required by applicable securities laws, the Company disclaims any
intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or
otherwise. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable,
forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such
information due to the inherent uncertainty therein.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For further information, please contact:
Kuuhubb Inc.
Jouni Keränen - CEO
jouni@kuuhubb.com
Office: +358 40 590 0919
Bill Mitoulas
Investor Relations
bill@kuuhubb.com
Office: +1 (416) 479-9547
